Candriam S.C.A. bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,761 shares of the Internet company based in Singapore’s stock, valued at approximately $2,517,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Provenance Wealth Advisors LLC raised its stake in shares of SEA by 1,511.1% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 272 shares during the last quarter. Grove Bank & Trust grew its stake in SEA by 53.9% in the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after acquiring an additional 215 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after acquiring an additional 1,100 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in SEA in the 2nd quarter valued at $203,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.
Recent SEA Headlines
Investors following SE have been watching these headlines:
- Neutral Sentiment: TD Cowen lowered its price target to $90 from $100 and maintained a Hold rating. The new target is above the referenced $73.81 share price, but the reduction signals a more cautious outlook. TD Cowen rating
- Negative Sentiment: Monee’s credit-loss provisions reportedly rose 82.3%, raising concerns about lending risk and whether growth can translate into stronger, sustainable margins. Sea growth and credit-loss provisions
- Negative Sentiment: Insider Yanjun Wang sold 800 shares in several recent transactions. The sales are small relative to his remaining holdings, but repeated selling may add to investor caution. Insider transactions
Insiders Place Their Bets
In other SEA news, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $78.32, for a total value of $62,656.00. Following the sale, the insider directly owned 64,780 shares in the company, valued at $5,073,569.60. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Feng Zhao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $80.22, for a total value of $2,406,600.00. Following the sale, the insider owned 63,580 shares of the company’s stock, valued at approximately $5,100,387.60. The trade was a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 808,306 shares of company stock worth $89,099,509 over the last 90 days. Company insiders own 0.22% of the company’s stock.
SEA Price Performance
SE stock opened at $73.81 on Thursday. The business’s fifty day moving average price is $92.51 and its 200 day moving average price is $97.12. Sea Limited Sponsored ADR has a 12-month low of $71.53 and a 12-month high of $150.79. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $45.10 billion, a PE ratio of 26.55, a P/E/G ratio of 0.79 and a beta of 1.58.
SEA (NYSE:SE – Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.21). The business had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $8.08 billion. SEA had a net margin of 5.89% and a return on equity of 13.85%. The company’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.
Wall Street Analyst Weigh In
SE has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of SEA in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. TD Cowen dropped their target price on SEA from $100.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday. New Street Research downgraded SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Monday, October 26th. Finally, Arete Research upgraded SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $133.36.
About SEA
Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.
See Also
- Five stocks we like better than SEA
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE – Free Report).
Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.
